On April 1, KIT announced the acquisition of a 46.7% stake in Global Marine Group (GMG) for $122.3 million, one of the world’s largest independent subsea cable solutions providers. The acquisition will allow KIT to participate in the secular growth trend of rising global digitalisation and provide KIT’s unitholders with exposure to the growing subsea cable market, through an established platform specialising in critical support services for such infrastructure.
Keppel Infrastructure Trust (KIT) has posted a 31.2% y-o-y increase in distributable income (DI) to $119.4 million for 1HFY2025 ended June 30, driven by City Energy, IXOM, new acquisitions and the strategic divestment of Philippine Coastal Storage and Pipeline Corporation (Philippine Coastal).
Distributions per unit (DPU) for 1HFY2025 rose 1% y-o-y to 1.97 cents.
